MOLX » Topics » A. Roles of the Committee, Management and Independent Auditors

This excerpt taken from the MOLX DEF 14A filed Sep 13, 2006.

     A. Roles of the Committee, Management and Independent Auditors

The Committee’s responsibility primarily is one of oversight. In addition, the Committee will provide to the independent auditors full access to the Committee (and the Board) to report on any and all matters as appropriate.

The responsibility for the completeness and accuracy of the financial statements in accordance with generally accepted accounting principles and the applicable rules and regulations rests with the Corporation’s management. In addition, management is responsible for establishing and maintaining an adequate system of internal controls.

The Corporation’s independent auditors are responsible for planning and conducting an audit of the Corporation’s annual consolidated financial statements and reviewing the Corporation’s quarterly financial statements. The auditors are accountable to the Committee.

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